What’s The Deal With VivoPower International PLC (NASDAQ: VVPR)?

The trading price of VivoPower International PLC (NASDAQ:VVPR) floating higher at last check on Tuesday, April 02, closing at $5.88, 305.57% higher than its previous close.

In examining the 52-week price action we see that the stock hit a 52-week high of $8.90 and a 52-week low of $1.02. Over the past month, the stock has gained 300.05% in value.

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VivoPower International PLC, whose market valuation is $18.47 million at the time of this writing, is expected to release its quarterly earnings report Jan 17, 2024. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0 per share this quarter, however they have predicted annual earnings per share of $0 for 2022 and $0 for 2023.

From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2022 is $37.62 million. The company’s revenue is forecast to drop by -6.90% over what it did in 2022.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of VivoPower International PLC No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest VVPR has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Buy.

A quick review shows that VVPR’s price is currently 282.67% off the SMA20 and 307.16% off the SMA50. The RSI metric on the 14-day chart is currently showing 93.32, and weekly volatility stands at 7.11%. When measured over the past 30 days, the indicator reaches 8.31%. VivoPower International PLC (NASDAQ:VVPR)’s beta value is currently sitting at 3.69, while the Average True Range indicator is currently displaying 0.55.

To see how VivoPower International PLC stock has been performing today in comparison to its peers in the industry, here are the numbers: VVPR stock’s performance was 305.57% at last check in today’s session, and 35.19% in the past year.

An evaluation of the daily trading volume of VivoPower International PLC (NASDAQ:VVPR) indicates that the 3-month average is 45.91K. However, this figure has increased over the past 10 days to an average of 15810.0.

Currently, records show that 25.65 million of the company’s shares remain outstanding. The insiders hold 48.64% of outstanding shares, whereas institutions hold 4.90%. The stats also highlight that short interest as of Mar 15, 2024, stood at 18770.0 shares, resulting in a short ratio of 1.03 at that time. From this, we can conclude that short interest is 0.57% of the company’s total outstanding shares. It is noteworthy that short shares in March were up slightly from the previous month’s figure, which was 16190.000000000002. However, since the stock’s price has seen 204.72% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.